Question

Select all the strategies you can use to manage risks.

1. buy health insurance
2. provide your personal information to others
3. have an emergency fund
4. have a warranty
5. become informed
6. carry lots of cash

Answer 1

1, 3, 4, 5 are necessary

Answer 2

The answer is:

1. buy health insurance

3. have an emergency fund

4. have a warranty

5. become informed

Health insurance would provide you with financial protection that might be expensive for some serious illness. Emergency fund would provide a safety nets for sudden expense. Warranty would ensure that you obtain the proper value for the products that you bought. Becoming informed would prevent you from being involved in a situation that cost you a lot of money to begin with.